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20121027
20121104
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Search Results 0 to 49 of about 74 (some duplicates have been removed)
hour, fair and balanced. what about the plan to overhaul the tax code. what is it going to mean for jobs. >> i think it's going to be great for jobs. ovrhauling the taxes is the thing that the governor and hopefully president romney can do. and incents, if that's a word, every individual and corporation out there. provides a path of what they're going to do, what they're ing to pay and if it's simplified and overhauled, it will get rid of hopefully a lot of the special interests, whic takes the government out of the intervention and provides a clear playing field for everyone. this could turn around our economy, if done soon and done right. >> brenda: jonas, we don't know exactly what kind of overhaul we would get and isn't that adding uncertainty? wouldn't that keep people from hiring? >> moreover, it doesn't really, neither plan really addresses the deficit and the need for revenues. let's leave that problem off the table and talk about the job situation. i like what romney wantso do, the code has a lot of deductions that shouldn'te there, we should just lower rates and get at
? >> number one data piss-off the fiscal cliff. so we don't have a severe recession but simplify the tax code. fire ben bernanke to get somebody who realizes to cheapen the dollar is not the way to wealth. >> he could force him out. >> harry truman showed you could fire the fed chairman. [laughter] as well as a general. [laughter] lou: none of that has the immediate effect of those who have suffered under this administration. those who don't have a job and are underemployed giving up then we have a grou of ceos speaking up for the multinationals we would like to go to the simpson thing. we want to raise taxes. reject it -- rejected by both republicans and democrats. we hear from business leaders they come up with this. >> how low do the fine balance? i will take that. remove the tax shelter and cut the top rate. >> rahm it -- romney is already proposing nonsense. >> we have a huge tax increase already slowing the economy down. to the clutter the tax code everyone can declare victory like 1986. we took the jump out and got the rates down. get those down sharply. >> he will be the president. >>
out of the prate sector if the bush tax cuts go away. 100 billion of government spending that would stop under the sequestration. do those numbers sound about right to you and is there a multiplier at work here? does it matter more if you take money away from the consumer in forms of evaporating tax cuts or the government spending? >> well i don't know that it matters more over the period of a couple of years but the immediate effect is that the tax increases will take effect. and people have to pay the tass and spending will go down. i don't know that sequestration will click in as quickly as people say. there will be a reduction in ending over the course of the year but i don't know that it will happen as qukly. there is a real danger the tax increase could throw us right into recession. melissa: right. you yank $200 billion out of the hand of the private ctor, what does that immediately do to gdp? at's what we're talking abt here today. we're talking abou the gdp number. this would be just taking a hammer to that. >> it would be 350 billion. good for about 2%. it would happen pre
job growth. he box romney's plan to lower corporate tax rates and get rid of certain deductions. to the gas shortage, the biggest metropolitan area in this country is paralyzed by gas shortages. only a small percentage of stations have power and where they are pumping, the lines are stretching for literally miles. and takes hour to fill your tank and those stations are starting to run out of gas. it is getting ugly. tensions, frustrations rising, one driver in queens was arrested for pulling a gun on another driver who confronted him for cutting the line. in our next hour, the gas buddy joins us to talk about where there is gas. if ever there was a time when people needed a gas buddy, this is it. we're going to get both sides of the jobs issue after the break. the closing-- the opening bell coming up next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-ben
, you know, keep the tax rates low and no tax hikes so that makes us, in a weird way, backed into a corner defending the 1 #%. that makes us look like we defend the special interests. neil: if that's the case, and, i mean, i know you argue it's not true, come back at say, well, why are you taking money from the same group that is last time we checked the 1%. >> it's the obama spin. a lot of teem -- a lot of people are not like you into the news. everybody catches glimpses, short 30-second 1-minute adds, and they thin that obama -- neil: they can see pot meet kettle; right? they can see hi hypocrisy; righ? >> they can. i think this happened with libya. they are seeing, wow, you are not here to protect this. the policies really do not work. i don't think the people are neil: interesting to me, and don't cast on anyone, but if you make it a point and call the other guy a bs in "rolling stopes," make your you're not. be that as a may, a lot of money in the race. do you think mitt romney will be the billion dollar man? >> oh, absolutely. neil: where is the money going? >> on ads.
in why we still have those. >>> plus do you think the rich pay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tells president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares will become unlocked on november 14th. >>> lots of damage to assess. the president just spoke after touring n
, the debt, the taxes, how we'll get revenues, versus costs and the second one, the regulatory wall, no one is talking about. the wall that is going to hit when ozone is pushed back, 201 3. when america has a chance, right now, to have it be the american century. the american century, gas and oil break through with fracking and everything, has a chance to change the world. and we have a chance to be the most competitive country in the world. with low cost energy, across all businesses, with a great chemical industry, coming back, but that all depends on how we handle regulation. and, this administration, more important to our future, steven chu, people who will be regulating the hell out of the... >> neil: that is the real problem for businesses, is that, the health care and everything else, just going to be regulated and it is going to put a crimp on everything. regulated to death and put a crimp on everything they do. >> that is the most important thing. we have a chance to turn america totally around. >> neil: what would happen if barack obama won, jack? >> there's a very -- i don't know
mentioned his a significant impediment to the economy. if we see very large increases in taxes, and by the way, never liked the work fiscal cliff because it tends to but still lower spending with higher taxes. most of the problem is on the tax side, not thespending side. if we don't get that fixed we're going to have the very significant drag on this economy , sufficiently significant that we cold go into a recession. gerri: the national association of manufacturers out with a study showing that if everything does stay in place we will get unemployment at 12%, lose 6 million jobs. the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertainty. it is the concern that we will have higher taxes and taxes o
. but when you look those earnings exxon paid 7.$3 billion of federal income tax. 8.65 billion of taxes but the total bill over $24 billion. 2.5 times more than what it kept and profits. the treasury market caution ahead of the unemployment report with the yield rising at 1.7%. the stock market back in business after hurricane sandy. the victory lap that both candidates took yesterday may have been far too early especially new jersey and new york struggling to restore power. working hard to get recovery efforts they would like help but essential services, food shortages, polluted drinking water. the pictures of themselves slapping each other on the back is not appreciated by those who have yet to see any evidence of what they are deprived of. the death toll has risen at 88 homes and businesses remain without power. yorkers have some relief as some sections of the subway system resumed but commuters are still struggling with limited service. automobile travel still a nightmare the major tunnels are still closed the airports are operating at reduced capacity. with those hardest hit areas
in form of lower taxes, so they can hire more people and purchase more equipment? that is an idea. we have the owner of metcalf manufacturer and tech resources. thanks for joining me guys. what do you think, bart? let me start with you. is this a fantastic idea? >> no, it is a terrible idea. a terrible idea. melissa: oh, why? >> why? well, you know, if you look at it creating a new agency, might have incredibly powerful and unknown potential regulatory control and far broad-reaching power. this is sort of a weird thing. i talked to, i talked to several ceos about this last night and this morning. they were sort of like, what? melissa: not excited. >> very, very bad idea. not excited at all. i got off the phone with folks from sba actually. they are saying, you know what? maybe there is cost sharing achieved in sort of overarching agency. but guess what? the government sucks at firing people. melissa: yeah. >> pardon my french. but the cost sharing is only achieved when you can actually lay people off. this is terrible idea. melissa: carl what do you think? if it is a cabinet position maybe
market. when we pay taxes we are taking capt cament away and not helping the economy. >> we are talkug in the plan, is period admits it would happen quay. we are buying you didn't build that economy . a president who sneers because you think you are so smart you n do it on your own and it is thedea of letting the government do it. >> and rick, we have seen it with the wind mills and it didn't work out. >> it is faulty. if you are going to build a building that you are renting space in for 75 to 100 years, do you amortize that. >> rick, rick, rick, the point is the windmill program and started out with 7,000 jobs and it hasn't expand they have 300 billion and it is shrink not growing. >> those are two different pointings. >> not at all. itas part of the stimulus plan. >> they pointed out something. she's right. 12 million jobs no matter what. and governor romney -- >> and you are talking about an entirely different issue. >> not at all. >> it was part of the stimulus plan, rick, quickly though. >> it is not the same as time as 1.9 million per job. ty are long-term changes. >> that exact
, whether it'some tax break, whether it's spending on certain things that they love, when is the day going to arrive that people are willing to do that? maybe it is this year, i thought it was two years ago, that there would be something differenand frankly, even with a lot of the the tea party candidates moving in, we didn't see that much movement when trying to fix our financial situation in d.c. >> ben stein? >> well, because we-- people aren't willing to raise taxes there's not enough to cut, there's a discretionary funding. and a huge majority of these expenditures are fixed by law or fle defense we absolutely need. i think a bigger question, why are these foreigners especially very clever, extremely well-versed foreigners willing to buy some of our debt and must see some value that maybe we're too modest and self-efacing to see ourselves. obviously, this country has tremendous value to the rest of the world. >> neil: you're right. the modesty is what i've always liked about myself. (laughter) >> you know, adam, you know why i think they're investing here, nothing to do with al truis
to have an intermediary, although you can choose to. there is tax relief, how so? >> that is a question. in terms of tax relief, there are questions as to whether the legislators were going to reach out and provide tax benefits for businesses that have been affected by the disaster. historically we have not seen that, but it is being discussed. gerri: free legal services to be available from fema. is that typical? >> it is. the federal government reaches out and tries to do what i can't help small businesses. that is available from the government, where you can get those types of services. gerri: the cdc will have some clean-up tips. is that on their website. >> absolutely. you can go to cdc and get those helpful tips as well. gerri: i know people tonight are sitting at home talking about what can i do, what can i do right now to help get this back up and running? would you say to people who are looking for that disaster plan? >> you need to assess the damage, assess the damage i like to your existing business, but project going forward with this will do to your local economy, particula
the budget and cut taxes. you need somebody will go to the budget line by line and look at the things that can be cut. john: he says he will increase military spending by $2 trillion. >> with a booming economy we are going to have under romney we will have some much money we won't know where to spend it. and the military -- [applause] john: i'm moving on. here is something your candid set the debate that appalled me [laughter] >> i'm not going to cut education funding. i don't have any plan to cut education funding. john: education is supposed to be a local responsibility. the federal government spending $100 billion wasting it, he can't even get that? >> this is unfair. you know i admitted to you in the greenroom. this was the one een i couldn't defend. [laughter] but i will just say romney has said in hi defense and education over and over again that, for example, with the money for disabled kids where kids with special needs. we will send that money to the parents to let them spend -- pick the school. he said we will send the money back to the local government, the state government
. so what they will try to do is dump losers to get that tax write-offs which adds to the pressure on the opening tomorrow as getting teeseven skittish opening. so watch out. it could sort itself out by next week, tomorrow we are expecting volatility. lou: thank you. >> short. lou: we will cover the political impact can't take that up. the economic impact of all this with the "a-team". next. there may be just as after all for the family of border patrol agent bryan terry murdered by mexican drug cartel members using guns supplied in operation fast and furious. president obama has a fill-in on the campaign trail, his chief campaigner in substitution, well, guess it is? well, it all depends on what the meeting of is is. joining us with his reaction, best-selling author ann klein. also the latest on benghazi. with the election now week away, we take the question of whether hurricane sandy will affect the voting with the outcome with the "a-team." ♪ everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you ch
on that. over the last year the unemployment rate --. melissa: how much tax dollars and what could the tax dollars spent on? >>an i say, melissa, give the president a little credit here. net more new jobs than when he took office in the wake. melissa: 194,000. >> well, but in the wake of the biggest financial disaster. what does romney do? melissa: got 16 million people who need more jobs at a rate -- four years 194,000 how long would it take to 16 million back to work four years for 194,000. i'm going to be dead by the time everyone is back to work. you've bn talking a lot. i will will give you last word. >> romney wants to deregulate wall street tax breaks for the wealthy and do european style austerity where the eurozone has 11.7% unemployment. melissa: not where we want to go. all right. >> that is last word. nice to be with you again. melissa: thanks for coming on. coming up on money, zen and campaign ads don't exactly go together. one republican candidate is bringing voters much-needed r&r he is special laugh -- especially after the last segment. he is here in a fox business exclusi
reaction from the head of the nation's largest staffing firm. dennis: the tax man extending the deadline for businesses that file returns on payroll and excise taxes. cheryl: let's look at how the world currencies are faring against the u.s. dollar. the euro, not a lot of movement. the canadian dollar and the peso minimum movement in the currency market. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local i'i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own idea
? >> well, i anticipate choppy trading until the time the lame duck congress extends all the tax cuts, expends sequestering to a new congress and white house in to 20* 13. at that point, the market will have a surge at the end of the year in celebration we're not hitting the fiscal cliff. david: if president obama's re-elected, he said he will not sign a tax bill that doesn't include a tax increase, and, of course, republicans say they won't sign on to something like that. we may not reach a resolution on this. >> oh, yes, david, no matter who is the president, no matter who the president is, it's a situation where there's a lot of urn certainty. -- uncertainty. it's not just the fiscal cliff. yiewmp's not -- europe's not resolved, middle east is volatile, and there's a surge of evaluations in september and october because of the euphoria with qe3, and we recommended taking some money off the table and raising some cash, and into the weakness now, we would be selectively buying. we're not bears, but prudently took profits last month, and we would selectively buy as they go down. liz:b
they pay in tax, i've got a number. 24.2 billion dollars in a quarter. so what's the stock doing? >> the stock is to the down side, down nearly 1%. and the issue with dow component exxon is the output, output for exxon has fallingen to a three-year low. despite the fact that you have some earnings that beat the big picture here is the concern about output for exxon and that's why you're seeing the down arrow here. >> and the next time that they beat up on the oil companies because they're not paying their fair share, tell them. 24.2 billion dollars in taxes in one quarter, how about that. >> that's right. >> and 24.2, got the number. thanks very much, nicole, the dow is up in the first couple of minutes, 35 points. and let me get a gas prices, they're still falling. the national average for a gallon of regular now coming in at 3.50, down another penny and a half overnight and down about 35 cents from the high and diesel is back to 4.04 a gallon. the trend, we're seeing the average price for gas coming down 27 cents, nationwide down in the past month. not a bad drop. five days ago
of the car. after that, it is game over. >> mitt romney said he will not release any more tax returns. he said he guarantees that he peewees 13% every year. that is not a tax, that's a tip, okay? >> mitt romney told kelley river that he tries were as little as possible when he goes to bed. this explains why he said he's eager he is eager to become the first minute when she. >> just a few of the jobs and it turns out that most of the wisecracking was at romney's expense. care to break it down is racial demagoguery from the 70s to obama. tell me what to make of these numbers that we just talked about? remark we are talking about think that the democrats had done. and they thought, well, that's funny. anyone who knows anything about politics, they want you to think about what happens, and the letterman joked, they possibly could be funny. he is famous for flying southwest even when it's not campaigning. [talking over each other] it wasn't quite the same way. but the people in the audience should get the joke come and, and stupid people should not understand that. [laughter] you have to be st
that this november rally has legs? q it has been a good day following that tax related mutual fund selling that ended yesterday. we got into a good start. china coming of better. adp gains. lower jobless claims. optimism for tomorrow's employment report. it may turn into a rally in november. most importantly, we have the election coming up next week. david: him, stay where you are. we want to bring in brian. it was a surprising three digit gain on the dow and s&p. were you surprised and, specifically, leading into the huge jobs report that will affect the election and markets, as well, how do we prepare for that? >> i think what you have this afternoon is a little bit of a melt up and short covering going in. we spent the month of october consolidating. now that we are setting up for the election, i think you are seeing physicians squaring at this point in time. the fiscal cliff will be the big focal point. you had the new adp report. some positivity going into those numbers for the employment data tomorrow. big picture here, though, i don't think anyone will be a hero right now. you are looking at t
and taxes, and they're only going to get more expensive. that's next. 0t[h7 >> we all know about the fiscal cliff coming in january. less attention though is being paid to the death tax. if congress doesn't fix it, the estate tax is going to go up to 55% after the first million dollars. now right now it's 35% after the first 5 million dollars. guys, what do you make of this one? >> i mean, just don't die, everybody. i mean, this is really -- talk about you didn't build that. penalizing people who worked really hard to pass it down to their kids. i don't think people realize this is happening. congress has to do something about this. when you talk about this, it won't make any difference in our debt. just forget it. other countries have forgotten it. forget it. ccarles: it's not designed at all to help the country. thu at 10:00, the very latest -- new at 10:00, the very latest on the tracking of hurricane sandy and the conditions on the shore. we have team coverage that continues right after this. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon
january 1st, 2013 with tax me geton. people shifted income out of 200013 to 2012 -- 2013 to 2012, it is much worse than it looks, people have made it look better by moving income from 13 to 12. it will be like going off a cliff whether he hit 2013. i am concerned. two candidates differ, dramatically on their economic policies. i think romney is far, far better than obama, obama has made a huge mistake over the last 3 years. lou: and friday, our last reading on unemployment. i don't know -- i don't know if anyone pays attention to these numbers. >> i do. lou: there is some credibility gap i believe. but give us your thoughts. >> you know, numbers have been horrible for the last 36 months, there has been no real recovery in the u.s. we barely kept up with population growth. if the participation rate had not fallen as sharply as we had, unemployment would still be in 12% range. a lot of people out there working, are working but part time instead of full time look they would like. it cannot continue this way very long. this is a tragic is, if you worry about people in the storm you
Search Results 0 to 49 of about 74 (some duplicates have been removed)